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422 N Soto St

Los Angeles, CA 90033
  • $1,100,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 22-141869
Foreclosure
UPDATED: 52 min ago
$1,100,000
  • 15
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,992
    SQFT
  • $368
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1895
County:

School Ratings & Info

Description

Value Add REO in prime Boyle Heights consisting of 15 Units (9 SRO's + 6 with mixed amenities). Some units have kitchens and bathrooms others units have a communal kitchen and multiple communal bathrooms. Property will be delivered with 5 vacant units (1 unit has fire damage). This building is surrounded by newer and well maintained buildings. There is tremendous opportunity to increase rents to an eventual double digit cashflow. Bridge financing is available if needed. Contact agent for OM.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/127247727
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422 N Soto St Los Angeles, CA 90033

  • Price: $1,100,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 52 min ago
  • MLS #: 22-141869
15
Beds
0
Baths
0
½ Baths
0.14
Acres
2,992
SQFT
$368
$/SQFT
1895
Built
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
Value Add REO in prime Boyle Heights consisting of 15 Units (9 SRO's + 6 with mixed amenities). Some units have kitchens and bathrooms others units have a communal kitchen and multiple communal bathrooms. Property will be delivered with 5 vacant units (1 unit has fire damage). This building is surrounded by newer and well maintained buildings. There is tremendous opportunity to increase rents to an eventual double digit cashflow. Bridge financing is available if needed. Contact agent for OM.
Exterior Features

Lot Size Area 5913 Other Structures None Parking Garage Controlled Entrance Total Parking 5

Interior Features

Baths Total 2.00 Cooling Other Equipment Other Heating Other

Property Features

Alley YN Yes Assessed Total Value 1515200 Gross Income 118044 Gross Operating Income 114503 Like Units1 9 Like Units2 6 Net Operating Income 66934.00 Number Of Buildings 1 Number Of Units 15 Owner Pays WaterElectricityGas Rent Control YN Yes Sale Type Real Estate Owned Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 47569 Type Of Units Sro Year Built Source Vendor Enhanced Zoning Lac1

Listing provided courtesy of Hooman Emanuel DRE#01200237 of Keller Williams Studio City.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270